How Much Of An REO Discount Can You Get?

When searching for an REO, many buyers have an expectation of receiving a price discount of as much as 40 percent. But while REOs may be up to 40 percent cheaper than what the last owner paid for it, few banks are willing to shave that much off their asking price.  If you’re hoping to get a deeper discount on an REO, you need to understand that there are several factors that come into play before a bank will even consider reducing their price:
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SOLD: Parkway Crossing Home in Lake Stevens WA MLS 383346

Parkway Crossing 2-story home. 3 bedrooms, 2.5 bath, 1164 sqft. Big deck, great for entertaining. Brand new smooth surface stove! This home is move in ready! Bring your buyer’s – this one will NOT last long!

SOLD: Lake Stevens Move-In Ready Home MLS 379824

Great move in ready REO that is not gonna last long in this market, home is well cared for with minimal wear and tear. Three good sized bedrooms and two and a half bathrooms. Open concept living area with a nice fenced in back yard. All kitchen appliances included makes for an easy move.

SOLD: Amazing Everett Townhome MLS 376815

Beautiful Townhome that really shows pride of ownership! With over 2000sqft you will have plenty of room for everyone! Four bedrooms and two and half bathrooms make for a great home. Cedar front siding with some rockery give this home a beautiful upgraded touch to it, welcoming front porch is perfect for a park bench. Home is beautiful inside and out! Property is eligible for Homepath and Homepath Renovation Financing.

SOLD: Great Investment or First Home in Marysville WA MLS 367305

Great Investment opportunity for investors/first time home buyers! Create some sweat equity in up and coming neighborhood. Large lot w/great landscaping started. Big deck, nice sized shed. Will need some love but is sure to be a great house once someone fixes it up! 3 BDRMS, full bathroom upstairs. Potential mother in law downstairs? Priced to move!HUD home, Sold AS IS PERIOD, no repairs, electronic bid with an approved HUD agent. Verify availability of home on the HUDHomestore site not the MLS.